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What is Understanding Tax Audits in India about?

A tax audit is an examination of a tax return by a tax agency to verify the accuracy of reported income and deductions. The income tax law requires taxpayers to get audits of their business or professional accounts done according to tax law provisions. A tax audit in India is covered under Section 44AB of the Income Tax Act of 1961 and involves an audit of the taxpayer

Author

Prateek Kumar Bansal

Language

EN